Transparency Market Research has published a new research report titled “Dicyclopentadiene (DCPD) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023” to their report store.
Albany, NY -- (SBWIRE) -- 12/12/2016 -- The four main companies in the global market for dicyclopentadiene (DCPD) are Braskem SA, Kolon Industries, Inc., Zibo Luhua Hongjin New Material Co., Ltd, and Exxon Mobil Corporation. Together they held a 23.1% share in the global market in 2014. Going forward, these topnotch players are expected to invest in the development of advanced materials to tap into the automotive, construction, fashion, chemicals, and plastic industries, among others, to augment their market share. At present, the competitive dynamics in the market are not very conducive for new entrants as the leading players have a stronghold that makes it difficult for others to gain a foothold. Another factor deterring the entry of new players is the fact that it is a very capital-intensive industry.
Regional players can up their chances of exploiting the market's potential better by collaborating with well-established players, as they focus on expanding their production capacities in the regional market. This would enable them to explore newer markets, advices the lead analyst of the report. The global dicyclopentadiene market is predicted to be worth US$838 mn by 2023, by expanding at a modest CAGR of 4.9% from 2015 to 2023, finds TMR.
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Wide Array of Applications makes Polyester Resin Market Leader
Depending upon its various applications, the global dicyclopentadiene market can be divided into unsaturated polyester resins, EPDM elastomers, hydrocarbon resins, COC and COP, poly-DCPD, and others, including pesticides and flavor and fragrance intermediates. The unsaturated polyester resin application segment outshined other segments in 2014 in the DCPD market, on account of its use in a wide range of products such as plastic, automotive parts, and polyester cement. By the end of 2023, the unsaturated polyester resins segment is slated to command a share of 44.0% in the overall market in terms of volume. Hydrocarbon resins are also an important application segment of the DCPD market on account of their rising demand in paints and coatings, particularly in emerging regions buzzing with construction activities.
Asia Pacific has been the primary market for DCPD due to a robust demand for unsaturated polyester resins in the region. Increasing per capita income and swift pace of urbanization have filliped the construction industry and spurred the demand for consumer goods in the region. All of these have upped the demand for reliable, high quality plastic, which in turn has boosted the DCPD market in the Asia Pacific region. In terms of volume, the Asia Pacific DCPD market is predicted to expand at a 5.2% CAGR from 2015 to 2023.
Potential Health Hazards Crimp Growth
Some of the properties of dicyclopentadiene (DCPD) are its high stability, strong resistance to heat and corrosion, and toughness. This has made DCPD a preferred ingredient in different manufacturing activities, ranging from automotive parts and accessories to gardening, plastic, and sporting goods. Increasing demand for polyester concrete due to a fast expanding construction industry has also resulted in an unprecedented demand for DCPD these days.
Analysts predict that the rise of the plastic industry is expected to make a significant contribution to the global market as plastic has become indispensable to the construction, healthcare, textile, consumer goods, and automotive industries.
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The global market for DCPD is being hobbled by the rising awareness about health hazards posed by its inhalation. "An unaccounted amount of DCPD is lost in the environment during transportation, production, disposal, and usage. Breathing the same air can lead to respiratory issues and cause irritation to eyes and skin. For the older generation, this can lead to dizziness, vomiting, nausea, and headaches. Owing to these reasons, the National Fire Protection Association (NFPA), The American Conference of Governmental Industrial Hygienists (ACGIH), and The National Institute for Occupational Safety and Health (NIOSH) have deemed DCPD as a hazardous substance. The cumulative effect of these factors is likely to restrain the overall market in the forthcoming years," explains the TMR analyst.
This review is based on Transparency Market Research's report, titled "Dicyclopentadiene (DCPD) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015–2023."
The report segments the global dicyclopentadiene (DCPD) market into:
Dicyclopentadiene (DCPD) Market, by Application
-Unsaturated Polyester Resins
-COC & COP
-Others (Including Pesticides, Flavor & Fragrance Intermediates, etc.)
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